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Procore

Create a Funding Variation

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 Limited Release
flag-us.png flag-canada.png The Funding tool is available as a limited release for Procore customers in the United States and Canada who have implemented the Procore for Owners point-of-view dictionary. To learn more, see What dictionaries and languages are available in the Procore web application?

Objective

To create a Funding Variation (FV).

Background

Use the steps below when you want to create a variation for a funding.

Things to Consider

  • Required User Permissions:
    • 'Admin' level permissions on the project's Funding tool.
  • Additional Information:
  • For companies using the icon-erp-synced2.png ERP Integrations tool: Show/Hide  
    • Integration by Procore: Viewpoint® Spectrum® 
      To successfully export an FV from Procore to Viewpoint® Spectrum®, the following must be true:
    • Integration by Ryvit: Viewpoint® Vista™
      To successfully export an FV from Procore to Viewpoint® Vista™, the following must be true:
      • The Date field on an FV is required.
      • The FV must be in the 'Approved' status.
      • For each associated line item that you add to the variation's Bill of Quantities (BOQ), you may designate a unique associated Funding line item or the same associated Funding line item for all variation line items.  Note: The Associated Line Item is only visible and available when the ERP Integrations tool has been configured to work with Viewpoint® Vista™ and the export funding variations capability has been switched on in Procore by your Integration Implementation Specialist.
    • QuickBooks® Desktop: 
      • FV exports are NOT supported.
    • Sage 100 Contractor®
      • FV exports are NOT supported.
    • Sage 300 CRE®:
      To successfully export an FV from Procore to Sage 300 CRE®, the following must be true:
      • Title. The FV title must be 30 characters or less. 
      • Number (#). The FV number be five (5) characters or less. 
      • Status. The funding must be in the Approved status.
      • Associated Line Item. For each line item that you add to the variation's Bill of Quantities (BOQ), you may designate a unique associated funding line item or the same associated funding line item for all variation line items.  Note: The Associated Line Item list is only visible and available when the ERP Integrations tool has been configured to work with Sage 300 CRE® and the export funding variations capability has been switched on in Procore by your Integration Implementation Specialist.

Prerequisites

Steps

  1. Navigate to the project's Funding tool.
  2. Locate the funding to work with. Then click its Number link. 
  3. Click Create Funding VAR.
    create-funding-co.png
  4. Complete the following fields:

    • #
      Accept the default number, enter a new number or create a custom numbering scheme for this variation and future ones. 

       Notes
      • Procore automatically assigns the item a new number in sequential order. For example; 001, 002, 003 and so on.
      • To use a custom numbering scheme, enter any set of alphanumeric characters. Procore automatically assigns new numbers in sequential order using your custom scheme. 

    • Date Created
      Shows the date and time the variation was created in Procore. You cannot change this date.

    • Revision
      If you revise a variation later, you can enter the revision number here.

    • Created By
      Procore automatically populates this field with the name of the user who created the variation. 

    • Title
      Enter a descriptive name here. 

    • Status
      Select the current status of the variation. Procore automatically places the variation in the 'Draft' status. To learn more, see What are the default statuses for variations in Procore?

       

    • Private
      Mark this tickbox if you want the item to be private. This means it is only visible to users with 'Admin' level permissions on the contract (or funding). 

    • Due Date
      Select a due date to indicate the date by which the 'Designated Reviewer' must approve or reject the variation. 

    • Issued Date
      Select the date when the variation was issued. 

    • Designated Reviewer

      Select the Procore user at your organisation who is responsible for approving or rejecting the variation. To appear as a selection in this list, the designated reviewer's Procore user account must be added to the Project Directory and have 'Standard' level permissions or higher to the contract or funding tool. See Add a User Account to the Project Directory. 

       Tip

      Are you the 'Designated Reviewer' on a variation? To learn how to submit an approve or reject response, see Approve or Reject a Variation.

    • Paid Date
      Select the date that payment was received for the variation.

    • Description
      Enter a more detailed description of the variation. 

    • Programme Impact
      If this variation is expected to impact the construction project's programme, enter the estimated number of additional days this would add to the programme. 

    • Revised Substantial Completion Date
      If the variation modifies the substantial completion date for the contract, select that date from the calendar control. 

       Note
      If the substantial completion date is enabled on the 'Configure Settings' page of the tool, Procore updates the variation's 'Revised Substantial Completion Date' field after the variation is placed into the Approved status. 

    • Executed
      Mark this tickbox after the variation is fully executed.

    • Depending on the variation tier settings of the Main Contract's tool, one (1) of these list boxes will appear:
  5. Choose one (1) of these options:
    • To create the variation, click Create.
      OR
    • To create the variation and send email notifications, click Create & Email. 
      OR
    • If you are using the Procore + DocuSign® integration to collect signatures, click Complete with DocuSign. To learn more, see DocuSign®.